United Airlines (UAL) is set to report earnings after the close today. But, it didn’t wait for the event to announce it is suspending flights of Boeing’s 737 max through the summer. It joins American and Southwest in halting the use of the plane involved in two recent crashes.
So what can we expect from not just United, but the entire airlines sector, which has been buffeted with concerns ranging from overcapacity, the grounding of Boeing’s (BA) 737 Max and rising fuel costs over the next few months.
Warren Buffet once famously swore that he’d never invest in airlines, believing it was a flawed business model. But, in 2015, he changed his mind and allowed his firm Berkshire Hathaway to take large stakes in several of the major carriers such as American Airlines (AAL), United Continental Holding (UAL), Southwest Airlines (LUV) and Delta Air Lines (DAL).
So what…
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